Live Local Act scorecard: 3K units completed, another 42K in the pipeline
When Florida lawmakers first approved the Live Local Act in 2023 in an effort to alleviate the affordable housing crisis, developers rushed to seize on its incentives and filed a slew of project applications. Since then, they’ve completed nearly 3,200 below-market rental units in 23 projects across the state, according to a Florida TaxWatch, a nonpartisan and nonprofit research institute. “It’s just how long real estate takes,” said attorney Anthony De Yurre, referring to the drawn out project approval and construction process. The law incentivizes developers by allowing them to build bigger projects – up to the highest density permitted […]This article originally appeared on The Real Deal. Click here to read the full story.
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